Saturday, October 19, 2013

Webster's Complex sold; WFS, thrift shop, and art center up for lease

Brochure from Webster's new owners shows that the Art Center, Webster's Fine Stationers, and Daz-E thrift shop are available for lease.

by Timothy Rutt

The Webster's complex -- an Altadena landmark for eight decades at 2450 N. Lake Avenue -- has been sold to a Beverly Hills developer.

According to the new owner's website, they are looking for lessees for the shops currently occupied by Webster's Fine Stationers, Daz-E Thrift Shop, and the Altadena Community Arts Center. Webster's Community Pharmacy and Webster's Liquors are not listed as available.

The complex, which has been for sale for several years, was purchased by Greenbridge Investment Partners of Beverly Hills. Greenbridge also owns the building they call East Washington Village South, at the southwest corner of Washington Boulevard and Hill Street. Tenants of that building, notably Archives Bookstore, have been moving out of that building in recent months.

A source within Webster's said that month-to-month leases were recently changed, and that the new owners have expressed a desire to have a chain coffee shop, such as Starbucks or Coffee Bean & Tea Leaf, occupy one of the locations.

Greenbridge has a downloadable brochure for the location (pdf document here) that shows a remodeled exterior with added windows.

UPDATE: Meredith and Michael Miller at Webster's Community Pharmacy said that they have a long-term lease and will remain in the building under new ownership. Read the full message in the comments.

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Brochure from Webster's new owners shows that the Art Center, Webster's Fine Stationers, and Daz-E thrift shop are available for lease.

by Timothy Rutt

The Webster's complex -- an Altadena landmark for eight decades at 2450 N. Lake Avenue -- has been sold to a Beverly Hills developer.

According to the new owner's website, they are looking for lessees for the shops currently occupied by Webster's Fine Stationers, Daz-E Thrift Shop, and the Altadena Community Arts Center. Webster's Community Pharmacy and Webster's Liquors are not listed as available.

The complex, which has been for sale for several years, was purchased by Greenbridge Investment Partners of Beverly Hills. Greenbridge also owns the building they call East Washington Village South, at the southwest corner of Washington Boulevard and Hill Street. Tenants of that building, notably Archives Bookstore, have been moving out of that building in recent months.

A source within Webster's said that month-to-month leases were recently changed, and that the new owners have expressed a desire to have a chain coffee shop, such as Starbucks or Coffee Bean & Tea Leaf, occupy one of the locations.

Greenbridge has a downloadable brochure for the location (pdf document here) that shows a remodeled exterior with added windows.

UPDATE: Meredith and Michael Miller at Webster's Community Pharmacy said that they have a long-term lease and will remain in the building under new ownership. Read the full message in the comments.